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20121113
20121113
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
of a change. john boehner will be the speaker of the house, you know, unless something unforeseen happens in the next few weeks. he will be, he will keep the reign. the republicans gained, you know, a few seats, but that's not really going to effect his shot. he ran unopposed in ohio for his own race, and the defining conflict of the republican conference in the 112th congress, this sort of conflict between eric cantor, the majority leader, and john boehner, the speaker, is really behind them at least, you know, from everything that we have seen. the -- so that is remarkably stable, the first three positions. john boehner will be, you know, the next speaker, eric cantor will be the majority leader, and kevin mccarthy will be the majority whip. where it starts to get interesting is for the conference chairman position. this is currently held by jeb hensarling who is making a bid to be the financial services chairman. hensarling has been a sort of rising star for a while within republican ranks. he was a republican study committee chairman which is sort of the top conservative position in r
boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a little unbelievable, but there is lot of twists and turns in this scandal we've been following so closely surrounding former cia chief and now others. hi, everybody. glad to have you with us. i'm jenna lee. rick: happy tuesday. i'm rick folbaum in for jon. controversy over the timeline of events over the petraeus investigation with members of congress wanting to know why the fbi didn't notify them and the white house until just recently when it began months ago. that investigation far from over. fbi searching the home of petraeus's alleged mistress, paula broadwell. after david petraeus resigned his post as america's top sp
driving the decisions made here. i think citing i believe speaker boehner, it's fair to say that the president also believes we don't -- he's not looking to box himself in or box other people's ideas out. as we approach the conversation that will be in on friday. >> suggest to the meeting that just took place they might have to give up more than they would like? >> i think the president has made very clear that everyone, throughout this process, not just in this past week since the election, but for some time now, that the whole point of compromise is that nobody gets to achieve their maximalist position. that was the approach we took throughout negotiations in 2011 and it's the principle the president has based his own proposals on. if you look at, again, the programs that the president has already cut through legislation he signed into law, if you look at the savings he's willing to enact as part of his plan, it demonstrates a willingness to give so that you can meet your negotiating partner somewhere in the middle and reach a deal. >> you don't have any specific -- >> i d
candidates. but romney was beaten with a tax plan not dissimilar from the one boehner is currently pushing which is we won't allow taxes to go up, but we will close loopholes and romney lost on that. so there is a sense that obama for the short term has won the argument. >> granted it's a huge issue, but how many people was this election really a verdict on their tax plans? >> well, the argument is that romney often polled very well on competence in the economy, but obama polled much better on understands the needs of people like me. so there's a sense that if it comes down to class and empathy, the democrats have momentum here and the republicans are on the back foot. so in that sense, i think obama has an advantage. on the other hand republicans do have a good case to make when it comes to taxes because something that's not often discussed is that the costs of obama care will start to kick in in 2013. one example, businesses which hire 50th notice ewill face a fine of $40,000 if they don't take on government approved health care insurance. so republicans can argue that when we approach t
, does it have to be a combination? >> well, i think speaker boehner has it right where he said we need to look at the whole tax code before we start increasing taxes. so i actually think that needs to be evaluated. so i'm not quite sure where the fiscal cliff is going to go. i'm assuming they are going to as they say kick the can down the road for another couple of months. hopefully they take that time period to lay out a foundation over what they are going to do in order for us to put our fiscal house in order. liz: there is citizen duffy and there is businessman ceo duffy. let's talk about the ceo duffy and how your customers and i want to remind our viewers that you have everyone from farmers who trade on the cme to small traders to billion dollars financial institutions. if we fell off a cliff, how would they be affected? >> well, i think they would be affected in my ways. -- in many ways. what i said earlier, for all these people to go about and do their business. farmers should be worried about the weather and the yield they are going to get in their crops not what's going on on
hurt. >> house speaker john boehner said the only way they will talk revenue is entitlement reform. republicans said what they want from a president is a serious proposal. >> when it comes the great economic challenges of the moment, saying that you want a balanced approach is not a plan. saying people need to pay their fair share isn't a plan. >> business executives come to the white house. a number of other ceos will be here all the way up to that have my meeting with congressional leaders, democrats and republicans coming to the white house to meet with the president on friday. david: thank you very much. chances are if you look something up online you have used wikipedia. coming up, wikipedia cofounder, jimmy wales joining liz claman at the cme global leadership conference. this is an exclusive you do not want to miss. moody's warning of big downgrades. find out which ones and why coming straight up. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enou
to make john boehner's life easier. you know, if ever--you know, you keep seeing this clip of george bush talking about all the political capital he has gained, right? this is the second electoral landslides. >> caller: the first thing that george bush did with that political capital was to privatize social security. that was the beginning of the end. that's when his second term got broken along before all the bad stuff happened. >> stephanie: you talk about this a lot, too, what happens on the sunday shows. >> caller: i took this week off by the way. >> stephanie: i don't know if you saw this, but this is what drives you and i crazy not just about the democratic party but mainstream media. this is the question that was asked of schumer. >> would you like to see the president bring him in for the negotiations over the fiscal cliff. >> caller: shoot me now. >> stephanie: really? >> caller: why? >> stephanie: really the guy that just lost by a landslide. >> caller: first of all, if you were hiring the guy why would you hire the guy? why would you bring aboard the guy whose economic plan was
this to be a juicy story as opposed to writing about white house budget negotiations with john boehner, particularly in the last 12 hours as we have learned about an fbi agent who was investigating the case initially who sent a shirtless photo of himself to one of the women involved and now these 30,000 e-mails, suspect e-mails between the general who had been commanding the war effort in afghanistan, general allen, and jill kelley, one of the women involved in this, which make me ask the question, when does he have time to run the war? >> right, right. i want to ask you, too, watching pictures of the white house in the briefing room and jay carney's going to step up to the podium, get a lot of questions, you can bet a lot on the scandal and the implications and this certainly has to be quite a distraction, to say the very least, the white house. how do they get on top of this? how do they get ahead of the story in some way? clearly they're not going to want the president to deal with these questions tomorrow at the press conference. >> well, it's inevitable, you can put money on it president obama
, house republicans are saying john boehner is saying we will do revenue from tax reform but must be accompanied by meaningful tax reform so two different messages. congress is back in session after a hiatus for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday the big meeting, president obama, congressional leaders start talking fiscal cliff. cheryl: they need to get going. thank you, live at the white house. dennis: labor leaders love president obama but can he bring business leaders in? we meet with ceos tomorrow and trying to get republicans to compromise. republican senator and minority whip roger wicker of mississippi joins us from the capital. president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you two side going to blow this and what let happen? >> i hope not. there is room for compromise. but i don't think labor leaders are going to get everything they want
cuts for social security, medicare and medicaid. john boehner says we will talk more tax revenue in an overall tax system but we won't discuss without entitlement reform. that is the key for republicans. they will do tax revenue but it has got to be part of an overhaul of the tax system and has to involve medicare, medicaid and social security. exactly what, folks. but white house don't want to. melissa: leaders in d.c. are scrambling to figure this out but our first guest says he really does fear we're going to hit the fiscal cliff. think of while e. coyote and the acme parachute. scott hodge is president of the tax foundation. you are well known for innovative ideas on tax policy. in the 1990s you campaign to include a child credit in capital gains tax cuts. what is your best idea this time around? >> the best idea right now is for everybody to take a deep breath and pumped into next year. all the tax cuts should be extended for one more year to give congress and the white house some extra time to get off of their political posturing and make a rational deal between them. this
speaker boehner said and said, look, let's work on closing these loopholes and deductions. that is common ground. there's no reason why -- >> that would raise taxes on people. this is where you get this fight in the republican party. because if your taxes go up but your tax rate doesn't go up, is that a sell republicans can live with? >> it depends how it's mixed up. we don't want to raise the tax rate. if you're closing loopholes and broadening the base, lowering the rate, then i think we could get there. >> you signed groemp norquist's pledge i'm going to assume because pretty much every congressman did. >> yes. >> would you be fine doing a compromise where you would go against your signature on that pledge. if you felt there was a compromise on the table -- >> i do not -- i do not -- >> to the pledge -- dramatic, wasn't it? >> it was dramatic. >> but i need these notes so i'm going to put them back like that. >> i do not intend to do that. i want to fight for the principles i believe in. i, too, was elected, and i think that's part of the give and take. >> grover norquist was not elect
week. host: "the baltimore sun" has a story, "boehner ways next moves." this is from "the wall street journal." "post office hint of gop path." host: "she fit a profile." so, more on leadership, which both sides will be voting for this week when they return to washington on who will be their leaders. so, we will continue to watch that story for u.s. well. part of the mix to avoid the fiscal cliff is these jobless benefits. that is the headline in the politics and policy section of "the washington post." "over 2 million americans could lose their jobless benefits before the end of the year." host: susan, michigan, what do you think? should we cut medicare and social security? caller: absolutely not. absolutely not. host: why not? caller: i am a woman who has finally reached the age of social security. all the years the work, this money was taken out of my paycheck. i was told from a very young age that when i reached a fine age of the period where you retire and you can get social security, that all the money that i paid in would be refunded to me. this money is not to be touched, not
after the election you had john boehner come in and say, look, we'll be willing to accept some revenue increases at some particular point. but like i said before, i think it's a reflection of how weak obama was two years ago, otherwise we wouldn't be in this situation. i think the republican party realizes that they were absolutely wiped out last week, they really do need to negotiate more. barack obama needs to stand his ground for once, he never has to run for reelection again and i do think we can get a conclusion that's not going to lead us to some horrible economic apocalypse. but that's only if the republicans negotiate and barack obama remains strong. >> okay. i'm going to ask both of you for your predictions. how long will it take lawmakers to come up with a deal? maria? >> i think it will take up until the middle of december. >> jason? >> yeah, and -- >> it'll be a christmas surprise for everybody. i think they're going to be until the last minute and they're going to leave at the absolute last minute. both sides will hold out to look tough. >> but i think -- >> a box of compr
boehner said i don't want to put anybody in a box, they don't want to have some framework out there the markets are going to get all concerned about. but inside wall street, different analysts and investment houses are saying they're not certain that a deal is -- the kind of deal that wall street wants is going to actually get done. so that's still something to really be concerned about. a lot of comparisons going on in the debt ceiling debate of 2011 that started all this. that was a very hard time for investors. and for the public. now something that's a little more fun, faster and cooler, motor trend car of the year, this was a really cool tesla model "s" all-electric plug-in luxury car. the first time an electric car has been elected. eleven finalists. and this was a pretty solid field. the ford fusion, porsche 911. the hyundai azera and the editor at motor trend said at its core the tesla model "s" is simply a damned good car you happen to blug in to refuel. seats seven. in part because it doesn't have a big, bulky combustion engine. average 74.5 miles per gallon equivale
can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a fascinating individual in many respects. he's part of the problem. >> what gives you any indication he'll lead in this case? >> maybe he'll wake up to the fact that he has a chance to cut through the polarization and leave a winning legacy. this is his chance to rise above. give him a button. >> there you go. thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker
of the fact that they're worried about what's not going to happen. after the election, boehner came out, thought he'd move some, and then obama came out the next day, and in the early part of his speech, he looked good. and all of a sudden he starts digging in. if you look at what the stock market did, it immediately dropped. came back a little bit that day, but immediately dropped. that's what's in people's minds and it's scaring the heck out of them. we have to have some solution. >> when we look to europe, it's a very similar scenario. we have all these issues revolving around greece and maybe to a lesser extent, spain, and it seems about the same dynamics. that it isn't results oriented, it's idle the car and hope things get better while you're sitting in there, hunkered down. >> that's absolutely the case. they have been spinning their wheels. fortunately for us, we've gotten away from the european situation, somewhat. because it looks like our economy can gain some traction. but it's immediately going to grind to a halt if we don't see something. >> you know, there's one area, the
they wanted some elaboration since they are very accomplished boehner, and i think we're going to kick it off with monique. >> thank you. i have my notes on a powerpoint, but there are no charge to give you can see them it's okay. it's basically notes to myself. but my time is avoiding a not so grand bargain, and actually jamie galbraith using algae that ask what he is which is you're getting the hard sell from osgood is a timeshare. he said condit. you could say regular, you could say car dealer. but his point was that a lot of other people have mentioned this that when you're getting the heart so it's time to stop and think. i would go a little further and say when you're getting the heart so, you know you're not getting the best deal you can. so effective don't stop and think, walk away, see what happens and then come back. and my particular focus, even though historically i look at the reserves and these days it's been a lot on retirement and social security. so i'm particularly concern of social security. i thought it's going to be taking the last, the last slot. and so i've sort of, i w
Search Results 0 to 21 of about 22 (some duplicates have been removed)